GMO Standards, Endogenous Policy and the Market for Information
Research, Article, Preprint
- Publisher: LICOS Leuven
SB175_Food | SB183_Field | political economics | GMO standards | SB | GMO standards, political economics, media market, Agricultural and Food Policy, Environmental Economics and Policy, Food Consumption/Nutrition/Food Safety, Political Economy, Research and Development/Tech Change/Emerging Technologies, Teaching/Communication/Extension/Profession, D72, Q13, Q16, Q18, | Q13 | NE | Q16 | Q18 | HB | JF | media market | D72
The paper develops a composite index of GMO standards restrictiveness for 60 countries, assigning objective scores to six different regulatory dimensions. Using this index and its components, we empirically investigate the political and economic determinants of GMO regulations for 55 countries, controlling for spatial autocorrelation. Results show that many of the determinants highlighted in the theoretical literature, such as the structure of the agricultural sector and the institutional environment are important determinants of the restrictiveness of the GMO regulation. As a key result there emerges a prominent role of the market for information, showing that the structure of domestic mass media (public vs. private) is an important driver of GMO standards.